Asset Transfers

Use Asset Transfers to move asset value between accounts, or to adjust the value of an asset account.

HINT-- You probably won't ever need to use Asset Transfers. They are included in Goldenseal accounting software versions for Macintosh and Windows, but not in versions without accounting features.

When to Use Asset Transfers

Use asset transfers when you need to change the value of an asset because of damage, improvements or changing markets.

Entering Asset Transfers

To enter an Asset Transfer, follow these steps:

Choose Special Transfers from the Bank menu, then choose Asset Transfers from the submenu.
Click the New button, or choose New Record from the Edit menu.
Fill in details about the transfer.

Data Fields

Enter the following information for each Asset Transfer:

Transfer Type-- Choose the type of transfer this is.
Asset Type-- Choose the type of account whose value has changed.
Asset-- Enter the asset account whose value has changed.
Amount-- Choose the amount that is being transferred.

Date-- Enter the date of the transfer.
Record Number-- A record number is entered automatically.
Account Type-- Enter the second account type which is involved in this transfer.
Account-- Enter the second account which is involved in this transfer.
Comments-- Add any comments you have about this transfer.

Transfer Types

Enter any of the following Transfer Types for an Asset Transfer:

Purchase-- For an asset that you just purchased.
Sale-- For an asset that you just sold.
Prior Purchase-- For an asset that you purchased before you started using Goldenseal.
Value Change-- For a change in asset value not covered by ordinary depreciation.

Using Asset Transfers

Asset Transfers are not yet fully implemented. You can use them to record changes in asset value, but they currently have no effect on the company financials.